Forbes Says: Fear Not! Venture Capital Is Still Available!

Still searching for start-up funding? Forbes.com chimes in small business that are still able to acquire capital even in this tight credit market. According to the article, venture-capital investment is only down 4%, to $22.3 billion, versus the same period in 2007.

So who’s getting all the funding? Forbes says with the fall of the auto industry, as well as increasing gas and electricity costs, energy technology is number one, with venture capitalists investing nearly $2.1 million in renewable energy and the like. Assumptions based around President-elect Barack Obama’s plan to offer tax incentives for new energy alternatives have increased the demand for additional power sources, including solar, wind, and water.

Many capitalists are happy to invest in the “green building” sector as well, which only goes hand in hand with energy alternatives. Companies utilizing recycled materials and additional sustainable business practices, such as smaller carbon footprints and less production waste, are increasingly receiving funding as well.